AMC completes Chellomedia buy for $1bn

Liberty Global has completed the sale of substantially all of the assets of Chellomedia to AMC Networks for €750 million ($1 billion).

Liberty Global will retain its Dutch premium channel business, which consists of its Film1 and Sport1 channels.

“Chellomedia has a collection of strong, well-established and well-managed assets worldwide and we’re excited about the long-term growth opportunity this acquisition represents for AMC Networks and its shareholders,” said Josh Sapan, President and CEO of AMC Networks.

The acquisition provides AMC Networks with an extensive array of television channels that are distributed to more than 390 million households in 138 countries.